Vulcan Energy Breaks Ground on Flagship German Lithium Project

Vulcan Energy AU0000066086

After years of extensive planning, Vulcan Energy Resources has commenced the physical construction phase of its landmark Lionheart project in Germany’s Upper Rhine Valley. The Australia-German lithium developer reached this critical milestone following the finalization of a comprehensive €2.2 billion financing package in December 2025.

The company’s board granted final investment approval after securing the necessary capital. According to a quarterly report dated January 30, 2026, the financing structure included a private placement component raising approximately €147 million (A$263 million). Combined with institutional investment, total equity proceeds reached about €545 million (A$973 million).